Tax relief on IoD membership

If you are not required to fill in a tax return, you can get tax relief for your allowable expenses by completing the P87 Tax relief form online.

You have to fill out the form if this is the first time you require tax relief for expenses. This form only needs to be filled out once, all subsequent claims can be made over the phone on 0300 200 3300.

1. To complete the form you need to know your:
   • Employer PAYE reference (found on your payslip under ‘Tax Office Ref’)
   • Payroll/assignment number (also on your payslip)
   • National insurance number
2. If your first claim is for a previous employer, ensure you send the completed form to the correct tax office for the PAYE reference.
3. If your claim is for a previous tax year, you should receive a cheque through the post to reimburse you for the tax paid for this subscription. For example, if you’re on the basic tax rate of 20%, you will receive approximately £81-£125 for your annual subscription to the IoD. If your claim is for the current tax year, they will change your tax code going forward.
4. Once you have informed HMRC that you pay a regular subscription charge and your P87 has been accepted, your tax code will be changed to reflect this and you should not have to claim every year for the same subscription.